Retirement
What’s New for Social Security in 2023?
There have been some changes to Social Security this year.
March 16, 2023
Category: Social Security
Retirement
Retirees’ Biggest Decision? It’s Still When to Claim Social Security.
Too many seniors still take the Social Security claiming decision too lightly – it’s a mistake that can cost them tens, if not hundreds, of thousands of dollars of retirement income during their lifetimes. And, often, the decision is made based on false bias or assumptions rather than a solid planning strategy.
February 15, 2023
Retirement
When Should You Apply for Social Security Benefits?
Mistakes can be costly – and may be permanent!
December 13, 2022
Estate
Planning for Retirement? Here are a few tips!
For some people, planning for retirement can feel like trying to eat an elephant; but, it doesn’t have to be that way. Before making big decisions, it’s always important to get the ducks lined-up first.
September 29, 2022
Retirement
Customer Service is a Problem at Social Security
Have you tried to call Social Security lately? If so, this won’t come as much of a surprise – customer service is all but non-existent.
August 22, 2022
Retirement
Annual Social Security Trustee Report Urges Reform
The annual Social Security trustees’ report is to advise Congress on the financial condition of the Social Security system over the next 75 years. If they project that 100% of benefits will be paid, it’s said to be in balance and no action will be needed. If they project a shortfall, they call on Congress to fix the problem by either raising taxes, cutting benefits, or some combination of the two.
June 14, 2022
IRAs
2022 Decisions Can Affect 2024 Taxes for Some!
Expecting a big capital gains or other tax event this year? It might mean an unexpected tax surprise that can affect your Medicare premiums two years from now!
April 18, 2022
IRAs
Beware of Tax Torpedoes and the IRMAA Cliff
Tax traps are waiting. Did you it’s possible to be smack in the middle of the 22% tax bracket, yet taking an additional $1,000 in income could make that additional money taxable at 40%? It can happen to some taxpayers. In fact, there are other pitfalls many aren’t aware of, as well.
April 11, 2022
Retirement
New Social Security Statements Available
Have you checked your Social Security statement on the SSA’s website? You should; there’s a lot of good information there!
March 24, 2022
Retirement
Are You A “Baby Boomer” Getting Ready for Social Security?
If you’re a baby boomer, you may want to begin your Social Security planning early – and it’s especially true when it comes to claiming Social Security! Today it’s different from when your parents filed their claims: they just went down to the Social Security office and put in the paperwork! Today, it’s far more complicated.
March 18, 2022